Category: Small Business Tips

Tips for Cutting Costs but Not Jobs

There are many great aspects of being an entrepreneur and owning your own small business. Unfortunately the occasional need to layoff staff isn't one of them. With a reported 70% of business costs being staffing related, many businesses first look to their employees when money gets tight. However, as a recent post by Minda Zetlin on Inc. highlighted, there are some ways that you can help reduce your business' costs...

Why 2016 Will Be a Great Year to Start a Business

Note: I originally wrote this post for Medium and am re-publishing it here for my regular readers. Jon Dyer Has starting a small business and becoming an entrepreneur long been on your bucket list? It may be time to upgrade that goal to "New Year's resolution." 2016 is shaping up to be a great year for those looking to escape their nine-to-five job and launch their own company. According to...

What Entrepreneurs Need to Know About Taxes

Even though April seems pretty far off  from now there are already important tax-related deadlines for small business owners quickly approaching. For example W-2s for all of your employees must be sent out no later than January 31st. Even if you normally have an accountant or other tax professional prepare your business's return there are a few more things that you should know about your taxes. CBS Money Watch recently highlighted...

One Big Factor in Your Small Business Loan's APR

If you're looking to grow and expand your business, a small business loan is a great way to do so. Of course these loans aren't free and so you'll have to pay a fair amount of interest on the money you borrow. The interest rate and APR (annual percentage rate) you secure will most likely be determined in part by the overall health of the business as assessed by the...

Who's the Boss? Your Business Is

Ask any entrepreneur what they like best about having a business and they'll likely give some variation on the answer "being my own boss." However, the most successful small business owners realize that they are actually not the boss — the business is. So are you an employee worth keeping around? A recent article in Entrepreneur elaborated on the idea of your business being your boss by giving some rules to...

Knowing When Your Business is Ready for Financing

When it comes to personal finance we all know that having as little debt as possible is a worthwhile goal. The same sentiment is true when starting a small business. However, there are times that you might actually be losing money by not seeking financing for your business. The trick is to identify which scenarios are worth taking on some debt in order to fix or take advantage of. A...

Should You Get a Credit Card for Your Small Business?

If you're starting a new business, you likely have many questions about the process. Among them might be how business credit cards work and if you should apply for one when you're first starting up. Not only are new business owners able to apply for business credit cards but having one can also be a useful asset. According to Money obtaining a credit card for your new small business can...

Small Business Saturday and How You Can Participate

At this point, it's pretty fair to assume that the vast majority of American shoppers are aware of Black Friday. Also gaining prominence in the consumer conscience is Cyber Monday, which follows the weekend shopping blitz and takes place online. However, yet another holiday shopping initiative has been growing over the past few years and also takes place this week: Small Business Saturday. Started in 2010 by American Express, Small...